A Japanese-originated JASMY token could only skyrocket at the beginning of February 2021 but it wasn’t well protected from whales and eventually started plunging the next month. Right now it is trading in the red zone which is below the initial offering price on Coinmarketcap.
The honeymoon is over for the crypto market as it managed to catch the chance to soar during the early years of the covid-19 pandemic. The price change of bleeding Bitcoin is affecting the whole market including JasmyCoin. Perhaps in two or more years, the market start emerging but currently, it is diving into stagnation and even regression area. So JasmyCoin is surely losing the overall interest of existing fans. However, there are smart traders who can even earn during the plunging market by using Paxful and Huobi.